Trade and industrialisation after globalisation?s 2nd unbundling: How building and joining a supply chain are different and why

Richard Baldwin

No 8768, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Revolutionary transformations of industry and trade occurred from 1985 to the late-1990s -- the regionalisation of supply chains. Before 1985, successful industrialisation meant building a domestic supply chain. Today, industrialisers join supply chains and grow rapidly because offshored production brings elements that took Korea and Taiwan decades to develop domestically. These changes have not been fully reflected in -- high development theory -- a lacuna that may lead to misinterpretation of data and inattention to important policy questions.

Keywords: Trade and industrialisation; Production unbundling; Import substitution (search for similar items in EconPapers)
JEL-codes: F23 O14 O19 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (36)

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